Bussiness
Brittin Industries has commissioned a modern glass processing factory at Oyarifa
Brittin Industries has commissioned a modern glass processing factory at Oyarifa in the Greater Accra Region to manufacture, sell and install high quality glass and façade systems.
The fully-owned Ghanaian glass and façade company produces a wide range of tempered, laminated, insulated, and single pane glass systems, curtain wall systems, interior and exterior door systems, full-window units as well as interior glass partitions for commercial and residential buildings.
It is one of the largest in the Sub-region, which provides cost effective construction solutions using the latest technology, known as Computer Numerical Control (CNC)precise cutting machines to produce products that meet international standards.
The Managing Director of Brittin Industries, Mr Didier Ireke, at the ceremony urged businesses to understand the unique needs of their customers and serve them effectively and efficiently, a press release issued on Tuesday to the Ghana News Agency, stated.
Mr Ireke explained that the Company was embarking on a journey to build a team of professionals to support the development of the next generation of sustainable infrastructure to champion Ghana’s economic growth.
By so doing, the company adhered to international standards that met the needs of both partners and customers, the release said.
“We understand that the needs of each project are unique so we have so we have dedicated staff that will work with you to meet your project specification,” Mr Ireke said.
“As an organisation, we believe in gender equality and access to opportunities. It is, however, not surprising that we currently employ about 40% female staff in an industry that is largely male dominated. This is our way of contributing to achieving the Sustainable Development Goal (SDG) five.”
Mr Andrew Kofi Egyapa Mercer, Deputy Energy Minister, charged the company to leverage the opportunity provided by the government to develop products, which met the needs of customers.
“The private sector is the key game changer for achieving government’s industrialization agenda. It is my hope that the management and board will take advantage of this to unlock the opportunities available,” the release said.
Mr Egyapa Mercer Deputy Minister expressed the hope that the opening of the factory would help to address youth unemployment in Ghana.”
The guests were taken on a tour of the factory to learn at first-hand how the company delivers superior glass, accessories and aluminum profiles to customers.
Chiefs and elders of Oyarifa-Teiman, partners of Brittin, policy makers and other stakeholders attended the ceremony. -GNA
Bussiness
Ghana’s GDP shows economy is fast recovering despite DDEP – Finance Ministry
Ghana’s Gross Domestic Product (GDP) indicates a rapid economic recovery despite global challenges and ongoing debt restructuring, according to the Ministry of Finance (MoF).
The Ministry in a statement today indicated that latest data from the Ghana Statistical Service (GSS), cumulative economic growth for the second quarter (Q2) of 2024 reached 6.9%, a notable increase from the 4.7% recorded in the first quarter of 2024.
The MoF statement further noted that, “The economy’s robust recovery is in response to the macroeconomic stability and growth interventions that government is pursuing under our IMF-supported Post Covid-19 Programme for Economic Growth (PC-PEG).”
According to them, the overall real GDP growth for the first half of 2024 rebounded strongly, with year-on-year GDP growth averaging 5.8% for the period, significantly higher than the 2.9% recorded in the same period in 2023.
By Edem Mensah-Tsotorme
Read full statement below
Bussiness
Facebook, Youtube, online trading companies must be taxed – Deputy Finance Minister
The Deputy Finance Minister Dr Alex Ampaabeng, has proposed that online trading companies should be taxed to bolster the economy.
He noted that these companies, both local and international, generate significant revenue from their Ghanaian clients, which underscores the necessity for taxation.
In an interview with Bernard Avle on Channel One TV’s The Point of View, Dr Ampaabeng pointed out various potential revenue sources for Ghana, including online businesses and content creation companies.
He questioned why other national companies operating in Ghana are taxed, but social media platforms like Youtube and Facebook, which run numerous advertisements, are not included in the Ghanaian tax system.
According to him, these social media companies earn profits from the advertisements they display, and online trading companies also generate income from the sale of their products and services.
He mentioned online trading companies such as Jiji, Jumia, and Tonaton, which he believes surpass all physical marketplaces in Ghana in size.
According to him, “I can’t think of a country which has not gotten a digital service tax system of some sort, so Ghana is long overdue. Just to make an example so that people will appreciate where I’m coming from. Go to Youtube and play a video, within one or two minutes, you are going to watch about two, or three adverts.”
“What it tells you is that Facebook or Youtube is making profits right here in Ghana. Go to your Facebook account, and you are going to see a number of adverts on your right, left. What it is telling you is that Facebook is making profits right here in Ghana and not being taxed. Meanwhile, there are companies operating in Ghana, for jurisdiction reasons, of course, that are being taxed,” he said.
The Deputy Minister added that “So then, it comes to the question of the application of our tax laws. Revenues generated in Ghana are subject to taxes. We have Facebook, TikTok and all those players, these are digital platform owners.”
He stressed, “Then we have the digital or market players, here we are talking about individuals who are using the digital platforms. We have Jiji, Jumia, Tonaton, these combined, are bigger than all physical marketplaces in Ghana. And it tells you the volume of transactions, that are going on there.”
He expressed his hope that individuals earning online profits from Ghanaian residents would be taxed.
“There are conversations ongoing, I wouldn’t want to pre-empt anything, maybe in the future, it might not be anytime soon, what I would like to see, is a Ghana where people who are earning all forms of profits in the country are subject to taxes. People who are trading online to Ghanaian residents, people who are generating revenue from Ghana are allowed to pay taxes,” he noted.
Additionally, he proposed a collaboration with the government to curb cybercrime by registering and verifying these online trading companies.
“We can have a system where the government engages these operators, so individuals will submit their Ghana Card and are registered and verified,”he concluded.
Source: Citinewsroom.com
